This well maintained multi family home offers an excellent opportunity for investors or owner occupants looking to capitalize on a prime location just steps away from downtown Farmington. Situated on a corner lot this property boasts so much charm. This property consists of 2 bright and spacious units, each offering ample living space, comfortable layouts, tons of storage and private entrances. Enjoy spending time outside on the farmers porch or rooftop deck. There is also plenty of parking for each unit with a paved driveway and garage. This must-see property has a brand-new roof. Long term tenants are currently renting the 1st floor, but the 2nd floor is vacant. Whether you're looking to generate rental income or reside in one unit while renting out the other, this property offers great potential for both. Located just a short walk from downtown Farmington where you can enjoy the convenience of local amenities such as stores and restaurants. Enjoy all the benefits of small town living while being just a short drive from Rochester, the lakes region and all that the Seacoast has to offer.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $287,920 | $287,920 | $287,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.443% | 7.133% | 6.256% |
Monthly Tax Payment | $404 | $404 | $404 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,940 | $1,914 | $2,428 |
Total Monthly Payment | $2,419 | $2,393 | $2,907 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.